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North Carolina Foreclosures
What is a Tax Lien and How Can You Profit From It? Frequently Asked Questions About Tax Liens
by Courtney Park
1. What is a Tax Lien Certificate?
A tax lien is the name of the claim that a taxing authority, such as the local or federal government, makes when an individual has not paid taxes for a lengthy amount of time. Tax Liens are most often applied to homes. Essentially, the government ceases control of the property, pending payment on taxes.
The taxing authority, will then sell a certificate for an asset, such as a piece of real estate or boat, if the owner of the property has been negligent in paying his or her taxes. Anyone can purchase a certificate by attending a tax lien sale auction in the county in which the unpaid taxes are owed.
2. How...
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